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Dec 30, 2012
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it has happened in wales, portugal, spain, all over. we do not know why. we do not know what to do about it. i will give an answer that will interest and amuse the previous questioner. when two things coincided in late 18th-century england, a grain surplus, the result was a cheap gin and a social calamity. they passed a few laws, licensing laws, it did not help. what turned britain around was john wesley. methodism. converting the women of england -- [laughter] that is the way it worked. it is an odd thing for me to be saying. >> you talked about the virtues freedom requires. i worked in the field of education. if our major problem children come to school without virtues, it is the public school system the place to nurture that? i believe our society and culture does not nurture those virtues. how do we address that? >> this is a good question. the family is the smallest school. by the time all lots of negligently parentage, often at no-fault to the single mother, these children get to school, and it is too late. the chicago schoolteacher it says should it
it has happened in wales, portugal, spain, all over. we do not know why. we do not know what to do about it. i will give an answer that will interest and amuse the previous questioner. when two things coincided in late 18th-century england, a grain surplus, the result was a cheap gin and a social calamity. they passed a few laws, licensing laws, it did not help. what turned britain around was john wesley. methodism. converting the women of england -- [laughter] that is the way it worked. it is...
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Dec 9, 2012
12/12
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., britain, france, spain. >> a very interesting question. i think my first response would be to say i'm not sure so much that all forms of slavery disappeared as so much evolved in transition. obviously, there were laws passed that made a certain thing illegal. from a paper law stand point certain things disappeared. but the case of bonded labor it showed that things did not disappear but adapt to a different set of laws and climate. then evolved around those hurdles to continue to effect the same kind of mode of exi ployation. as to whether f there was a point in the past where producers were faced with a scenario where one set of nonslave-like labor bake more economic efficient there are certainly few instances. i think the historians here would probably have those more in their head than i do. particularly in case where is laws with penalties were perceived to be enforced. then the perception is that form of exploitation is no longer beneficial. we either have to evade it and try to do something similar or adopt for legitimate labor and l
., britain, france, spain. >> a very interesting question. i think my first response would be to say i'm not sure so much that all forms of slavery disappeared as so much evolved in transition. obviously, there were laws passed that made a certain thing illegal. from a paper law stand point certain things disappeared. but the case of bonded labor it showed that things did not disappear but adapt to a different set of laws and climate. then evolved around those hurdles to continue to...
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protesters in spain have been getting rather creative with their posters one read quote our cuts will be with the guillotine later on our financial experts max keiser and stacy her but both discussing whether the trend in any way could indeed pick up. but major the something the first store max and getting throughout europe where you can find this tool in solid pine with a height of two meters and the motto is cuts are necessary they encourage people to get one for their home for their living room for the bar and perhaps in the public square right well you can cut. more cut. i told you two years ago to buy yes you did because the price and the market's going to be exploding and expect a gay teen manufacture to go public. and you can watch the kaiser report in full at four thirty pm g.m.t. that's in just over an hour's time. for now russia's foreign minister believes it's wrong to ban americans from adopting russian children but said the u.s. should certainly take responsibility for any that are sent there and the freeze could be part of moscow's response to washington's travel and fin
protesters in spain have been getting rather creative with their posters one read quote our cuts will be with the guillotine later on our financial experts max keiser and stacy her but both discussing whether the trend in any way could indeed pick up. but major the something the first store max and getting throughout europe where you can find this tool in solid pine with a height of two meters and the motto is cuts are necessary they encourage people to get one for their home for their living...
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the international monetary fund have imposed on greece spain and portugal and ireland over the last two years the demand for austerity is precisely the reason that youth unemployment as you said in greece is now around fifty percent and approaching similar levels in much of the rest of southern europe it's the e.u. this being the problem here it's not being part of the solution in any way just one is about significance in to what is this president's been saying does it perhaps suggest there are political cracks in brussels here we have a top official being openly critical of the rest of europe. i mean there are always political cracks in brussels and across europe you have a group of countries that will agree on some things but won't agree on everything and when you start to push them together when they start to end up in a deep economic crisis it's also a crisis of institutions of course they start to squabble and that's what we've seen over the last few years no real agreement on what to do next because everyone has their own somewhat divergent interests and that's germany doesn't wan
the international monetary fund have imposed on greece spain and portugal and ireland over the last two years the demand for austerity is precisely the reason that youth unemployment as you said in greece is now around fifty percent and approaching similar levels in much of the rest of southern europe it's the e.u. this being the problem here it's not being part of the solution in any way just one is about significance in to what is this president's been saying does it perhaps suggest there are...
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so there's all sorts of problems underlying that and if you take on the other hand to a country like spain spain was actually in surplus prior to this crisis it wasn't you know growth overspending but its banking system is in deep deep trouble as was the irish banking system so i think this is all more complex you know it's not it's not a simple where you know thing if the joint if they haven't joined the euro zone little been all right and yet the example of greece is expansion at any cost right because greece's financial situation wasn't fit for it to be allowed to join the euro zone and yet it was allowed in anyway what i think if you look back at the whole formation of the euro and the euro zone it was a political project first and foremost it wasn't an economic project first and foremost and the politics dictated that we should get in as many people as possible that is possibly wanted now that was a mistake they also knew they had to have some sort of agreement to stop you know economies diverging so they had a stability and growth pact but the first two countries to break it were ger
so there's all sorts of problems underlying that and if you take on the other hand to a country like spain spain was actually in surplus prior to this crisis it wasn't you know growth overspending but its banking system is in deep deep trouble as was the irish banking system so i think this is all more complex you know it's not it's not a simple where you know thing if the joint if they haven't joined the euro zone little been all right and yet the example of greece is expansion at any cost...
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first up spain formally requesting aid to restructure four weakest banks. eu bailout fund totaling 36.5 euros and will be released next week. >>> ford recalling more than 73,0002013 escape crossovers and nearly 16,000, 2013 sedans because they can overheat and catch fire. they are equipped with 1.6 liter ecoboost engines. >>> online sales topping $13 billioners during the first month. comscore says sales jumped 15% over one year ago led by $1.47 billion sales in one day on cyber monday. >>> strikes at ports of los angeles and long beach continuing for a sixth day over a dispute. 10 of the 14 cargo terminals are closed. >>> united airlines giving employees bonuses after reporting the best on time performance of this year last month. buds buzz. that is today's speed read. david: i think it was within the that period the bell was ringing. david: deadline to reach a deal on the fiscal crisis is fast approaching. it is causing some investors to play it safe. we have a legendary money manager says it is time to take risk. the gridlock in d.c. is not stopping him
first up spain formally requesting aid to restructure four weakest banks. eu bailout fund totaling 36.5 euros and will be released next week. >>> ford recalling more than 73,0002013 escape crossovers and nearly 16,000, 2013 sedans because they can overheat and catch fire. they are equipped with 1.6 liter ecoboost engines. >>> online sales topping $13 billioners during the first month. comscore says sales jumped 15% over one year ago led by $1.47 billion sales in one day on...
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Dec 12, 2012
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these policies, the people who are really going to be hurt are the poor. 25% unemployment in greece and spain. imagine what the minority unemployment would be if we had a 25% unemployment rate on average in the united states. we see pensions being cut without any notice hardly at all. social programs slashed. there is at least some probability that will happen to us. i will say it is a certainty eventually if we do not do something about the situation. i would think they would be much more sober in their demand. at this moment, i do not see it. >> i would say a lot of this is, if we are talking inside the beltway, that is a different conversation. part of the disservice is the debate is having today is it is steering away from what the real issues are, the most depressing issue, i am more optimistic. it is steering the conversation away from that. it is not helping ordinary americans understand what the threat is over a somewhat longer term. i do not think we have 25 years anymore. maybe it is two or five. we get closer and closer every year that we build up our debt and every year that we po
these policies, the people who are really going to be hurt are the poor. 25% unemployment in greece and spain. imagine what the minority unemployment would be if we had a 25% unemployment rate on average in the united states. we see pensions being cut without any notice hardly at all. social programs slashed. there is at least some probability that will happen to us. i will say it is a certainty eventually if we do not do something about the situation. i would think they would be much more...
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terms that they get when it is a crisis roughly the same time and then now this crisis has spread to spain and italy and now it's spread to the u.k. but the u.k. you're saying is not a position has a much what's the debt to g.d.p. ratio in the u.k. it's as bad as ireland right it's not quite as bad as island yet but within that i've got to say that we're doing something that i think is quite hankie which is by transferring the quantitative easing balance to the treasury account we are doing something that's tantamount to monetizing that that you know it's a by hand you mean dodgy all very dodgy you mean underhanded and scoundrel like i think hard to ask you know quite well you know i'm going to be a little that's a little bit little bit less diplomatically than i would usually put it but. it's a no no that i think we've course the line on going so you don't you move to up the dummies economics for dummies so to explain walk through what's what the osborne has done over there at the bank of england with the taking of the interest to tell the people what's going on ok so what we've done is w
terms that they get when it is a crisis roughly the same time and then now this crisis has spread to spain and italy and now it's spread to the u.k. but the u.k. you're saying is not a position has a much what's the debt to g.d.p. ratio in the u.k. it's as bad as ireland right it's not quite as bad as island yet but within that i've got to say that we're doing something that i think is quite hankie which is by transferring the quantitative easing balance to the treasury account we are doing...
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loutish government infrastructure it has to be privatized there have to be stoppage cuts because truly spain has spent the last decade living on the never never it was built on the back of a huge property bubble the bubble was unsustainable nobody managed to manage stop unfortunately while we can obviously say it's a tragedy for the poor independent health care professionals there's just no way to manage to find the money to aid them in modern spain here is a government that has effectively in an overall majority they can do absolutely anything they want and they seem to be absolutely determined to do more or less nothing and it's really a tragedy because they're not helping the spanish economy under not helping the people either. remember artie's web team is working twenty four seven to provide you with the best stories in video online here's a quick glimpse of what's a click away right now what's in a name well just more than sixty five forty five thousand dollars it seems because that's what one u.s. man's earned after selling someone the right to give him a new surname find out his motiv
loutish government infrastructure it has to be privatized there have to be stoppage cuts because truly spain has spent the last decade living on the never never it was built on the back of a huge property bubble the bubble was unsustainable nobody managed to manage stop unfortunately while we can obviously say it's a tragedy for the poor independent health care professionals there's just no way to manage to find the money to aid them in modern spain here is a government that has effectively in...
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Dec 10, 2012
12/12
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the ibex 35 in spain, down almost 1.5%. we can take a quick look there.f investors are rotating out of the periphery. italy and spain, moving higher. bund is below 1.3% as a result. italian shares are trading lower. banks stocks particularly hard hit on the back of political uncertainty generated by mario monte's position to resign from his post as prime minister. his departure is likely to lead to an early election in february. monte's predecessor has announced his attention intengz to return to office. sylvia berlusconi says he'll seek a fifth term as italian premier. carolin is following this situation from rome. how likely is it that we see berlusconi return to politics next year? >> kelly, you know what? it's pretty unlikely. if you look at the latest polls, his pdl party, which is deeply fragmented, is trailing the biggest party, the pd party, but around 16%. it's going to be very, very tough. not even impossible for him to close that gap over the next two months. but i want to continue the discussion about what monti
the ibex 35 in spain, down almost 1.5%. we can take a quick look there.f investors are rotating out of the periphery. italy and spain, moving higher. bund is below 1.3% as a result. italian shares are trading lower. banks stocks particularly hard hit on the back of political uncertainty generated by mario monte's position to resign from his post as prime minister. his departure is likely to lead to an early election in february. monte's predecessor has announced his attention intengz to return...
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Dec 19, 2012
12/12
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if italy and spain have their own central bank, if italy and spain are borrowing in their own currency and the ecb is lender of last resort, those bonds look very attractive. if they're emerging market countries which borrowing in someonels's occurrenci which is real default risk -- someone else's currency which is real default risk, in terms of assurances it will be the back stop. but huge execution risk in terms of what the ecb will do next year. and more broadly in terms of longer term outlook, fiscal and banking union. >> especially because that success on dragy's front seems to have taken away support. andrew balls, head of portfolio management at pimco. thank you very much. >>> the wet summer in the u.k. could ruffle consumer feathers this festive season. turkey prices in britain up about 4% on the year. while vegetables will also have you dig deeper in your pockets. brussels sprout prices have shot up by a quarter. potatoes are roasting 43% more expensive. and speaking of christmas dinner, i did go down to the st. paul's branch of latali ' de chefs to find out there b expansion
if italy and spain have their own central bank, if italy and spain are borrowing in their own currency and the ecb is lender of last resort, those bonds look very attractive. if they're emerging market countries which borrowing in someonels's occurrenci which is real default risk -- someone else's currency which is real default risk, in terms of assurances it will be the back stop. but huge execution risk in terms of what the ecb will do next year. and more broadly in terms of longer term...
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Dec 11, 2012
12/12
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we are not where we were two years ago, not only in spain, but in italy. one of the few countries in the eurozone where the share of international investors, but i think if we were to talk about the flows, we should be looking more at france than spain. >> france has canceled its last two treasury bonds for the year. read anything into that? >> no. i think it's a mert of issuing out the files until next year. and the treasuries overall role in terms of high visibility in terms of revenue streams, so they're just doing the job. i should say the italian treasury here is doing an excellent job over the years. >> the fed is beginning a two-day meeting today. the announcements come together. 12:30 eastern. the fed is expected to lunch a new bond bike program to replace the operation twist that expires at the end of this month, the goal to keep rates low, possibly soften the blow from any risk of the u.s. going over the fiscal cliff. but bernanke did warn last month that the fed couldn't offset that shock. how small is the risk that they don't deliver what credi
we are not where we were two years ago, not only in spain, but in italy. one of the few countries in the eurozone where the share of international investors, but i think if we were to talk about the flows, we should be looking more at france than spain. >> france has canceled its last two treasury bonds for the year. read anything into that? >> no. i think it's a mert of issuing out the files until next year. and the treasuries overall role in terms of high visibility in terms of...
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workforce of several countries are out of work fifty plus percent of the youth of say somewhere like spain are out of work that really frightens me. but with europe still in the throes of the euro crisis we look at the biggest shocks for the block over twenty twelve. years goldfish is nobel peace prize to the tune of molotov cocktails tear gas and clashes as people took to the streets to protest. measures recall program is just ahead after the break. a ritual and imperial russia. tradition of staging being revived in. the polity. sub. i demand satisfaction. with. this month high tech good help with the latest laser cutters on lifesaving heart rushing innovators are working hard to keep you healthy for some companies it's been a winding road from car simulators to cutting edge streaming systems for others it's been a lifetime of work along the mysteries of the skull check it all out on technology we've got the future. download the official publication to choose your language stream quality and enjoy your favorite. if you're away from your television just doesn't matter now with your mobile
workforce of several countries are out of work fifty plus percent of the youth of say somewhere like spain are out of work that really frightens me. but with europe still in the throes of the euro crisis we look at the biggest shocks for the block over twenty twelve. years goldfish is nobel peace prize to the tune of molotov cocktails tear gas and clashes as people took to the streets to protest. measures recall program is just ahead after the break. a ritual and imperial russia. tradition of...
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spain and ireland do not know yet whether they're going to be able to sort of turn back the current crisis so i should say that europe is not feeling so well right now john another thing that isn't feeling very well do you think the two thousand travelers another bush foreign policy year. you know that's true in some respects but that sometimes can be overstated i mean. a good example is for example what's happening right as we speak which is this this controversy over chuck hagel the presumptive nominee for obama secretary of defense i mean this is a guy who's been who was a vocal opponent of the iraq war he criticizes sanctions and isolation when it comes to iran he's weary of foreign entanglements he has opposed the obama administration's eva asia pivot were the military surge of throughout asia to contain china all of these things and he's he's been hit with a lot of criticism but it's interesting to know that a guy like that could possibly sit in the seat that was previously occupied by panetta and rumsfeld so there is some change in the obama straight and has even though it isn't it
spain and ireland do not know yet whether they're going to be able to sort of turn back the current crisis so i should say that europe is not feeling so well right now john another thing that isn't feeling very well do you think the two thousand travelers another bush foreign policy year. you know that's true in some respects but that sometimes can be overstated i mean. a good example is for example what's happening right as we speak which is this this controversy over chuck hagel the...
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Dec 30, 2012
12/12
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and it is a day marking the innocence, spain's equivalence of april fool's. it is this fox trip around the world in 80 seconds. >>> a french constitutional panel is saying goodbye to that country's staggering 75% tax rate on the wealthy. the panel has ruled the tax is unconstitutional and unfair. let me say it again. 75% on the wealthy. it was set to kick in at the start of 2013 and will hit anyone hitting a million euros. critics didn't like it. they said it would drive away france's wealthy population. joining me now on the phone from paris is katherine fields. she is a correspondent for global radio news. katherine, why was this tax overturned? >> it was overturned because the court said it failed to rec recognize equality before public burden. what this means is it has been applied to individuals rather than households. the court knows this top rate would have applied to a married couple, for example, if one member was in that upper income bracket. well, if it turned just under, then the 75% rate would not apply. in essence, this was thrown out on a techn
and it is a day marking the innocence, spain's equivalence of april fool's. it is this fox trip around the world in 80 seconds. >>> a french constitutional panel is saying goodbye to that country's staggering 75% tax rate on the wealthy. the panel has ruled the tax is unconstitutional and unfair. let me say it again. 75% on the wealthy. it was set to kick in at the start of 2013 and will hit anyone hitting a million euros. critics didn't like it. they said it would drive away france's...
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also angry over a possible layoffs many still unsure whether their contracts will be renewed next year spain's government says the cuts are needed to maintain the health service through recession the country's regions are an estimated one hundred forty five billion euros in debt the opposition in egypt dismissed president sees calls for dialogue hasn't offered any real substance on wednesday mercy delivered his first national. to realize a decision to phase out a nuclear power by twenty forty a new prime minister declared sustained economic growth was his top priority and said rejecting nuclear energy could undermine one of the country's biggest areas of expertise last year an earthquake and in searing tsunami brought the fukushima nuclear power plant close to disaster forcing thousands of people from their homes because of leaking radiation. and militants in pakistan have killed two policemen in the northwest of the country reportedly kidnapped twenty one others dozens of gunmen armed with rocket propelled grenades and automatic weapons attacked two police posts in an area near to what's cons
also angry over a possible layoffs many still unsure whether their contracts will be renewed next year spain's government says the cuts are needed to maintain the health service through recession the country's regions are an estimated one hundred forty five billion euros in debt the opposition in egypt dismissed president sees calls for dialogue hasn't offered any real substance on wednesday mercy delivered his first national. to realize a decision to phase out a nuclear power by twenty forty a...
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Dec 30, 2012
12/12
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and it is a day marking the innocence, spain's equivalence of april fool's. it is this fox trip around the world in 80 seconds. >>> a french constitutional panel is saying goodbye to that country's staggering 75% tax rate on the wealthy. the panel has ruled the tax is unconstitutional and unfair. let me say it again. 75% on the wealthy. it was set to kick in at the start of 2013 and will hit anyone hitting a million euros. critics didn't like it. they said it would drive away france's wealthy population. joining me now on the phone from paris is katherine fields. she is a correspondent for global radio news. katherine, why was this tax overturned? >> it was overturned because the court said it failed to rec recognize equality before public burden. what this means is it has been applied to individuals rather than households. the court knows this top rate would have applied to a married couple, for example, if one member was in that upper income bracket. well, if it turned just under, then the 75% rate would not apply. in essence, this was thrown out on a techn
and it is a day marking the innocence, spain's equivalence of april fool's. it is this fox trip around the world in 80 seconds. >>> a french constitutional panel is saying goodbye to that country's staggering 75% tax rate on the wealthy. the panel has ruled the tax is unconstitutional and unfair. let me say it again. 75% on the wealthy. it was set to kick in at the start of 2013 and will hit anyone hitting a million euros. critics didn't like it. they said it would drive away france's...
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Dec 14, 2012
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have to do is look at southern europe to see what is going on. 25 percent unemployment in greece and spain. imagine what the minority unemployment would be if we had a 25% unemployment rate on average. we see pensions being cut without any notice at all. we see social price ramps slashed. so i would think if we can convince the representatives of the so-called disadvantaged groups that there is at least some probability that that will happen to us, i would say a certainty that will happen to us eventually if we don't do something about the situation, i would think there would be much more sober in their demands. but at this moment i don't see it. >> i would say, you know, that a lot of this is, you know, if we are talking inside the beltway, that is a different conversation of we go outside the beltway. part of the disservice that the debate is having today is that it is -- it is steering away from what the real issues are, the most pressing issue, which is the potential for a sovereign debt crisis and more optimistic. you know, steering the conversation away from that. and it is not helpi
have to do is look at southern europe to see what is going on. 25 percent unemployment in greece and spain. imagine what the minority unemployment would be if we had a 25% unemployment rate on average. we see pensions being cut without any notice at all. we see social price ramps slashed. so i would think if we can convince the representatives of the so-called disadvantaged groups that there is at least some probability that that will happen to us, i would say a certainty that will happen to us...
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are you sure this comes from spain. renee is a palestinian living in germany she has family in the west bank and says the israeli checkpoints mean palestinian farmers are losing out to the settlers even even those who think they get jordan they israeli checkpoints keep them at the checkpoints for days in the sun. and then you can't even restaurants anymore those behind the report into trade between the settlements in europe say they aren't trying to organize any kind of witch hunt we're not talking about boycotting jews over here we're not talking about even boycotting israel itself we're talking about making a difference differentiating between. legal israeli products which should be washed by european citizens as much as they want course the short and second products which are totally illegal and should be banned and people should not buy. some other international news now at twenty six and a half minutes past the hour the russian capital of the mass evacuations from parts of after the explosion of a chemical containe
are you sure this comes from spain. renee is a palestinian living in germany she has family in the west bank and says the israeli checkpoints mean palestinian farmers are losing out to the settlers even even those who think they get jordan they israeli checkpoints keep them at the checkpoints for days in the sun. and then you can't even restaurants anymore those behind the report into trade between the settlements in europe say they aren't trying to organize any kind of witch hunt we're not...
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talking of which spain looking towards its future has warned it has got the legal power to stop catalonia of molding a referendum on its independence the deputy prime minister spoke just hours before the regions process british parliamentary majority signed an agreement calling for a public vote on self-determination to be held in twenty fourteen. campaign of european regional independence of loney is ready to go it alone. it does come from that i'm a nation of civil society from or from the citizens of course i don't know which from two thousand and nine to two thousand and eleven show date it's a nation by out so organizing a popular referendum for the whole principality of catalonia like more than five hundred fifty why they voted yes because i don't get that allowed for a party it's a scenario and allowed to tap debates about south of the nation thanks human rights universal rights in order to those rights also allows us to explain to people about economical and about all the benefits that i like that but that's only a they would be difficult so these are scenarios just created a verb
talking of which spain looking towards its future has warned it has got the legal power to stop catalonia of molding a referendum on its independence the deputy prime minister spoke just hours before the regions process british parliamentary majority signed an agreement calling for a public vote on self-determination to be held in twenty fourteen. campaign of european regional independence of loney is ready to go it alone. it does come from that i'm a nation of civil society from or from the...
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Dec 12, 2012
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. >>> coming up in the program, spain's biggest export. an analyst who says shoppers are ready to spend. >>> and the vice president hugo chavez's cancer operation that was successful. heel be in miami to speak -- we'll be in miami to speak to an an lifted who talks about the transition of power. >>> plus, joined in studio by the ceo of japanese merchandising giant sanrio. what will the man in charge of -- yes -- hello kitty have to say about holiday spending? that's at 5:20 eastern. 11:20 central/european time. >>> u.s. budget talks have intensified. president obama and house speaker john boehner spoke by phone tuesday after exchanging new proposals. aides confirm the president gave boehner a revised offer on monday, reducing demand for new tax revenue from $1.6 trillion to $1.4 trillion over the next decade. boehner responded with a plan that largely sticks by his original offer a week ago. reports say the white house has told republicans it would include an overhaul of corporate taxes in any budget deal which it hasn't put on the table b
. >>> coming up in the program, spain's biggest export. an analyst who says shoppers are ready to spend. >>> and the vice president hugo chavez's cancer operation that was successful. heel be in miami to speak -- we'll be in miami to speak to an an lifted who talks about the transition of power. >>> plus, joined in studio by the ceo of japanese merchandising giant sanrio. what will the man in charge of -- yes -- hello kitty have to say about holiday spending? that's...
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Dec 25, 2012
12/12
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it has happened in wales, portugal, spain, all over. we do not know why. we do not know what to do about it. i will give an answer that will interest and amuse the previous questioner. when two things coincided in late 18th-century england, a grain surplus, the result was a cheap gin and a social calamity. they passed a few laws, licensing laws, it did not help. what turned britain around was john wesley. methodism. converting the women of england -- [laughter] that is the way it worked. it is an odd thing for me to be saying. >> you talked about the virtues freedom requires. i worked in the field of education. if our major problem children come to school without virtues, it is the public school system the place to nurture that? i believe our society and culture does not nurture those virtues. how do we address that? >> this is a good question. the family is the smallest school. by the time all lots of negligently parentage, often at no-fault to the single mother, these children get to school, and it is too late. the chicago schoolteacher it says should it
it has happened in wales, portugal, spain, all over. we do not know why. we do not know what to do about it. i will give an answer that will interest and amuse the previous questioner. when two things coincided in late 18th-century england, a grain surplus, the result was a cheap gin and a social calamity. they passed a few laws, licensing laws, it did not help. what turned britain around was john wesley. methodism. converting the women of england -- [laughter] that is the way it worked. it is...
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Dec 7, 2012
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we got to spain, we did not know where to go. luckily enough, my husband it had family in hungary, but, i mean, iranian officials that have tops of money, and they find homes in the west. why? because they bring money with them, but then the disdance, honestly, when he landed in canada, we had $200 left in our pocket. we were literally hungry and no country was taking us, finally, canada -- and i'm so grateful to this country country of north that gave us a home where we had nowhere to be, just one thing, a little bit out of that, but i just need to make a point, are we going to get a time at the end? >> i'll give you time, sure. >> great, because there's something i have to add. >> okay, sure. the gentleman in the back row. >> good morning, the ceo of ther foundation,org, working with political prisoners, and i think some of you mentioned it's clear president obama is going to cut a deal or is going to try to cut a deal with the iranian regime over the nuclear weapons program that will, in fact, sacrifice people the iran. i'd li
we got to spain, we did not know where to go. luckily enough, my husband it had family in hungary, but, i mean, iranian officials that have tops of money, and they find homes in the west. why? because they bring money with them, but then the disdance, honestly, when he landed in canada, we had $200 left in our pocket. we were literally hungry and no country was taking us, finally, canada -- and i'm so grateful to this country country of north that gave us a home where we had nowhere to be, just...
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greece and spain. liz: jeff looks like he's about to damage you. go ahead, jeff. >> are well, you know, they're going to make a deal in washington. i lived inside the beltway, have a pretty good network inside the beltway. cantor is worried -- excuse me, not cantor, boehner is worried about not being reelected as speaker of the house. they can't vote on that until january 4th with the new congress on that. cantor wants that job. so i think boehner's going to press for a deal, i think he's going to go ahead and allow president obama to raise taxes to 39.6%, and i think that'll take the edge off the fiscal cliff. david: let's take this discussion out of the beltway and into the real world. the economy, and, jeff, i want to start with you because you're bullish, but if you're so bullish, hy are you downgrading housing right now? >> because our housing team made a really good call on the housing stocks, and they outran their valuations on a short to intermediate-term basis. they downgraded them about two months ago. liz: okay, so where's the money? sho
greece and spain. liz: jeff looks like he's about to damage you. go ahead, jeff. >> are well, you know, they're going to make a deal in washington. i lived inside the beltway, have a pretty good network inside the beltway. cantor is worried -- excuse me, not cantor, boehner is worried about not being reelected as speaker of the house. they can't vote on that until january 4th with the new congress on that. cantor wants that job. so i think boehner's going to press for a deal, i think he's...
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Dec 3, 2012
12/12
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textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. offering some of our best values of the year. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. bp has paid overthe peo
textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. you can stay in and share something... ♪ ♪ ...or you can get out there...
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Dec 31, 2012
12/12
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wasn't based [indiscernible] $750 billion came through and it was more aggressively priced than italy, spain, and portugal. that is where you create economic prosperity. the agencies are doing fantastic stuff but it will not create what we need on that continent. the marginal interventions are not going to create economic growth. we know how to create jobs, so instead of having large subsidy programs, start there. get rid of those programs and we can talk about economic growth. >> you can understand why they are the most prominent voices in the business. >> a look at social media and on line speech. this is half an hour. >> we are going to shift gears a bit. i took my tie off the war earlier this morning. first, there is wifi here. you should log on to the nyu guest account. user name is guest131. password is right there for you. we will talk about the use of social media. it has been on everyone's lips the last couple of years. we have wonderful guests that are known for their engagement with their audience. i predict we are going to hear a little bit of criticism and push back on some of t
wasn't based [indiscernible] $750 billion came through and it was more aggressively priced than italy, spain, and portugal. that is where you create economic prosperity. the agencies are doing fantastic stuff but it will not create what we need on that continent. the marginal interventions are not going to create economic growth. we know how to create jobs, so instead of having large subsidy programs, start there. get rid of those programs and we can talk about economic growth. >> you can...
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Dec 8, 2012
12/12
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announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with less chronic osteoarthritis pain. imagine living your life with less chronic low back pain. imagine you, with less pain. cymbalta can help. cymbalta is fda-approved to manage chronic musculoskeletal pain. one non-narcotic pill a day, every day, can help reduce this pain. tell your doctor right away if your mood worsens, you have unusual changes in mood or behavior or thoughts of suicide. antidepressants can increase these in children, teens, and young adults. cymbalta is not approved for children under 18. people taking maois or thioridazine or with uncontrolled glaucoma should not take cymb
announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before...
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Dec 27, 2012
12/12
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spain's has been raising taxes. we have not seen anything like this with governments deliberately raising taxes on a scale since the early 1930's. they should be going in the opposite direction. they are putting more burdens on the private economies. host: somebody who may be in your income group wrote an op-ed about a month ago and this is part of it. i want to get your reaction. guest: in terms of income and what people effectively pay in tax rates, people and higher incomes pay effective tax rates three times those earning middle incomes in this country. salaried income versus capital gains gets confused. capital gains are no sure things. it is a high-risk proposition. there has always been a lower rate for capital gains. you would see this economy crater and hope of investment and go by the boards. bill clinton lowered the tax rates. to reverse that trend, that was a bad decade, the 1970 's. we have seen that in other countries. raise the rates and you get less investment and a lower standard of living. host: do
spain's has been raising taxes. we have not seen anything like this with governments deliberately raising taxes on a scale since the early 1930's. they should be going in the opposite direction. they are putting more burdens on the private economies. host: somebody who may be in your income group wrote an op-ed about a month ago and this is part of it. i want to get your reaction. guest: in terms of income and what people effectively pay in tax rates, people and higher incomes pay effective tax...
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Dec 4, 2012
12/12
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announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. ro price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses is bigger than we think ... sometimelike the flu.fer from with aches, fever and chills- the flu's a really big deal. so why treat it like it's a little cold? there's something that works differently than over-the-counter remedies. prescription tamiflu attacks the flu virus at its source. so don't wait. call your doctor right away. tamiflu is prescription medicine for treating the flu in adults and children one year and older whose flu symptoms started within the last two days. before taking tamiflu tell your doctor if you're pregnant, nursing. h
announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. ro price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before...
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annual corruption index says all the countries embroiled in financial crisis top the list in europe, spain, portugal, yes, operationsy, italy. it measures the perception of the corruption in the public sector. as the most corrupt nations in the world. here we go. afghanistan, north korea, and somalia top the list. on the other side of the spectrum, countries with least perceived corruption, denmark, fin left-hand and new zealand. where does the u.s. rank? 19th. tracy: nobody lives in those countries. ashley: what they do is very simple and very clean. tracy: very blond. ashley: very blond. definitely in denmark and finland, that's for sure. tracy: the dark skin, the dark eyes. we're all evil at heart. ashley: that is the quote of the day. thanks, tracy. i didn't say that. tracy: all right. quarter after. come on. right? think about it. as we do every 15 minutes we check on the markets, nicole petallides on the floor of the new york stock exchange. from the most corrupt country in europe, good to have you with us. >> that is me. evil. i'm a little devil at heart. let's take a look at a big
annual corruption index says all the countries embroiled in financial crisis top the list in europe, spain, portugal, yes, operationsy, italy. it measures the perception of the corruption in the public sector. as the most corrupt nations in the world. here we go. afghanistan, north korea, and somalia top the list. on the other side of the spectrum, countries with least perceived corruption, denmark, fin left-hand and new zealand. where does the u.s. rank? 19th. tracy: nobody lives in those...
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Dec 9, 2012
12/12
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impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> my great pleasure to be here with dan savage on what is his wedding day, even though it's not as we are speaking his wedding day. i think, as someone who thinks a lot about politics and proudly a progressive and member to the left and think about social change, the evolution of american public opinion on marriage equality is this north star, right? every time i get down in the dumps about the possibility of change and every victory that is out of grasp, i think about how incredible. here is polling. in 1996, 68% opposed marriage equality. 27% supported. by november 2012, 63% supported, 46% opposed. there's not a lot of other t
impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> my great pleasure to be...
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Dec 27, 2012
12/12
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spain's has been raising taxes. we have not seen anything like this with governments deliberately raising taxes on a scale since the early 1930's. they should be going in the opposite direction. they are putting more burdens on the private economies. host: somebody who may be in your income group wrote an op- ed about a month ago and this is part of it. i want to get your reaction. guest: in terms of income and what people effectively pay in tax rates, people and higher incomes pay effective tax rates three times those earning middle incomes in this country. salaried income versus capital gains gets confused. capital gains are no sure things. it is a high-risk proposition. there has always been a lower rate for capital gains. you would see this economy crater and hope of investment and go by the boards. bill clinton lowered the tax rates. to reverse that trend, that was a bad decade, the 1970's. we have seen that in other countries. raise the rates and you get less investment and a lower standard of living. host: do
spain's has been raising taxes. we have not seen anything like this with governments deliberately raising taxes on a scale since the early 1930's. they should be going in the opposite direction. they are putting more burdens on the private economies. host: somebody who may be in your income group wrote an op- ed about a month ago and this is part of it. i want to get your reaction. guest: in terms of income and what people effectively pay in tax rates, people and higher incomes pay effective...
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Dec 10, 2012
12/12
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he gave us a visa only if we did not claim refugee status from spain. imagine, we got to spain and when not quite sure where to go my husband had family in the huingary but iranian officials have tons of money and they find homes on the west because they bring their money with them. the dissidents come with the clothes on their back and when we landed in canada, we had $200 in our pocket. we were literally hungry and no country was taking us. finally, canada did, and i am so grateful to this great country of north that get this a home where we had nowhere to go. i just need to make a point -- are we going to get time at the end? >> sure, will have time at the end. >> there is something i really need to mention. -- >> good morning and thank you. we have been working with people or former political prisoners and with the appropriate movement in iran. is clear that president obama will cut a deal or try to with the iranian regime over their nuclear weapons program that will, in fact, sacrifice the people of the iran. i would like to ask ali if you can add
he gave us a visa only if we did not claim refugee status from spain. imagine, we got to spain and when not quite sure where to go my husband had family in the huingary but iranian officials have tons of money and they find homes on the west because they bring their money with them. the dissidents come with the clothes on their back and when we landed in canada, we had $200 in our pocket. we were literally hungry and no country was taking us. finally, canada did, and i am so grateful to this...
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Dec 22, 2012
12/12
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. >>> for some residents of a small town in spain christmas came a little early. they have won the bulk of the country's annual christmas lottery that pays out $2.2 billion. it usually goes thousands of winners. the biggest prize was won by residents of this town near madrid. spaniards usually buy tickets to share and share it amongst their friends and family so the joy is spread around. the so-called mayan end of the world prediction has come and gone. i think we're all still here, but tourists have good reason to get a taste of mayan history and culture in cheech knee za, mexico. nick parker gives us a look. >> i'm here in ancient mayan ruins of cheech i neat za where thousands came to mark the end of the world as some said. well, the world didn't end but there are still many, many good reasons to come and visit what has been described as one of the seven wonders of the modern world. chichen itza was one confident largest cities in the em buyer. it stretches out about five square kilometers of ground here in the yucatan. a lot of the architecture is still extrem
. >>> for some residents of a small town in spain christmas came a little early. they have won the bulk of the country's annual christmas lottery that pays out $2.2 billion. it usually goes thousands of winners. the biggest prize was won by residents of this town near madrid. spaniards usually buy tickets to share and share it amongst their friends and family so the joy is spread around. the so-called mayan end of the world prediction has come and gone. i think we're all still here,...
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Dec 5, 2012
12/12
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CNBC
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yields in spain. the ten-year did come lower on that auction, so not a bad result. and bid to cover was okay. so spanish yields slightly higher after that. didn't raise the maximum amount. that's where we stand. it's another cautious day under way in europe. back to you guys. >> might get my haircut like hers, ross. you know, that anna wintour. that bizarre -- do you think you can manage it? >> a page boy. >> you think you carry that one? >> you'd look awful. >> you know what? we're going to do it. >> you're asking these guys to put me -- >> you'd look good in that one from "dumb & dumber." >> yeah. i make that sound. the most annoying -- you want me to do that? >> no, we don't. >> morgan stanley is trying to bolster lending. some advisers are said to have left the firm due to a lack of lending capacity. you didn't bargain for this, did you? we're asking you about your company. is that okay? >> absolutely. >> greg funding -- we already know he joins us. you did provide investors with an update. >> yes. >> ross, you want to get into this conversation as well? you hea
yields in spain. the ten-year did come lower on that auction, so not a bad result. and bid to cover was okay. so spanish yields slightly higher after that. didn't raise the maximum amount. that's where we stand. it's another cautious day under way in europe. back to you guys. >> might get my haircut like hers, ross. you know, that anna wintour. that bizarre -- do you think you can manage it? >> a page boy. >> you think you carry that one? >> you'd look awful. >>...
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Dec 1, 2012
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tightly frozen in a custom built machine from spain. $50,000 worth of rare merchandise inside three vending machines in southern california making the debut just in time for the holiday shopping season. the idea came from this cupcake vending machine already a hit in beverly hills. caviar can be just as sweet says a vending machine owner. so it's about making it access snibl. >> it is very accessible, convenient in every price point. so it is caviar out of a vending machine in a shopping mall. but some foodies say this just doesn't belong next to cinnabon. at the trendy hungry cat seafood restaurant in hollywood, he says his caviar is served with a little more flair, not food court fudge. >> that's the part i don't get. i can see getting it and taking it hom to have champagne with it. but just on your lunch break, it really doesn't at up to it. >> with a soda from the food court? >> exactly. >> reporter: we found plenty of caviar critics. would you put $500 in a machine? >> no. >> would you buy eggs out of a vending machine, much less fish eggs? >> reporter: but the flurries are buying for
tightly frozen in a custom built machine from spain. $50,000 worth of rare merchandise inside three vending machines in southern california making the debut just in time for the holiday shopping season. the idea came from this cupcake vending machine already a hit in beverly hills. caviar can be just as sweet says a vending machine owner. so it's about making it access snibl. >> it is very accessible, convenient in every price point. so it is caviar out of a vending machine in a shopping...
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Dec 10, 2012
12/12
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CNN
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countries like greece, spain and italy have been tackling their problems with sharp cuts in spending and higher taxes and that's been fueling recession and unrest. meanwhile, we now know that japan officially slipped into its own recession over the summer with the japanese economy contracting 3.5% between july and september. now, the previous quarter, the previous three months number was also revised lower and that makes for two consecutive quarters of negative growth and that's the classic definition of a recession. from asia, back to america, literally, a group of chinese investors agreed today to buy an 80% stake in aig's aircraft leasing business. back in 2008, the insurance giant was bailed out by the u.s. government to the tune of $180 billion. four years on, still paying back the money by selling off assets including the aircraft leasing unit that complemented aig's airplane insurance business. if u.s. regulators apro s appro deal, it will be one of the largest ever by chinese investors. china's state owned oil giant c-nook swooped in to acquire nexen for a cool $15 billion. n
countries like greece, spain and italy have been tackling their problems with sharp cuts in spending and higher taxes and that's been fueling recession and unrest. meanwhile, we now know that japan officially slipped into its own recession over the summer with the japanese economy contracting 3.5% between july and september. now, the previous quarter, the previous three months number was also revised lower and that makes for two consecutive quarters of negative growth and that's the classic...
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Dec 31, 2012
12/12
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impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> good morning. 18 minutes past the hour. welcome back to "starting point." unless congress gets its act together soon, america faces a fall off the fiscal cliff. cnn has just learned democrats are now willing to compromise on the tax threshold. they're now willing to raise taxes on incomes over $450,000 instead of $250,000. while the two sides have called in their so-called closers to work behind the scenes -- vice president biden and senate minority leader mitch mcconnell -- they're not offering much hope for an 11th hour fix. let's bring in chris, our reporter from the national journal, working the story on capitol hill all n
impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> good morning. 18 minutes...
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Dec 25, 2012
12/12
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it has happened in wales, portugal, spain, all over. we do not know why. we do not know what to do about it. i will give an answer that will interest and amuse the previous questioner. when two things coincided in late 18th-century england, a grain surplus, the result was a cheap gin and a social calamity. they passed a few laws, licensing laws, it did not help. what turned britain a round was john wesley. methodism. converting the women of england -- [laughter] that is the way it worked. it is an odd thing for me to be saying. >> you talked about the virtuous -- virtues freedom requires. i worked in the field of education. in the kedging, -- if our major problem children come to school without virtues, it is the public school system the place to nurture that? i believe our society and culture does not nurture those virtues. how do we address that? >> this is a good question. the family is the smallest school. by the time all lots of negligently parentage, often at no-fault to the single mother, these children get to school, and it is too late. the chicago
it has happened in wales, portugal, spain, all over. we do not know why. we do not know what to do about it. i will give an answer that will interest and amuse the previous questioner. when two things coincided in late 18th-century england, a grain surplus, the result was a cheap gin and a social calamity. they passed a few laws, licensing laws, it did not help. what turned britain a round was john wesley. methodism. converting the women of england -- [laughter] that is the way it worked. it is...
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Dec 31, 2012
12/12
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announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. ro price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. so we created the extraordinarily comfortable sleep number experience. a collection of innovations designed around a bed with dualair technology that allows you to adjust to the support your body needs - each of your bodies. our sleep professionals will help you find your sleep number setting. exclusively at a sleep number store. comfort individualized. save 50% on the final closeout of our silver limited edition bed plus special financing through new years day. >> clayton: can yeah west lets the cat out of the bag. can we make noise for my baby mom a. >> clayton: his girlfriend kim kardashian is p
announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. ro price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before...
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Dec 7, 2012
12/12
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CNBC
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announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> welcome back to "squawk box," everybody. in our headlines we're about an hour away from the november jobs report and the numbers are expected to be impacted by sandy. the dow jones forecast is calling for new 80,000 nonfarm jobs. >>> the reuters forecast is calling for 93,000 new jobs. >>> ibm is implementing a significant change to its benefit program. starting next year matching contributions to employees' 401(k) accounts will be given in one lump sum on december 31st. if a worker leaves the company before december 15th, they won't get anything from that payment. >>> also video game sales f
announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before...
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Dec 27, 2012
12/12
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yet, i do not believe there were any political movements like there are in europe and portugal and spain and everywhere else that happens to be in deficit. the reason is, the federal- state, especially after 1929 plays the role of the regulator of surplus and deficit recycling around the land. we are in seattle. when boeing goes to washington to give a contract for the next generation jet or whatever, they may get it. they do get it. but there are some things attached. like for instance, we want a factory that builds the wings are the engines in tennessee or missouri or arizona. this is an act of recycling surplus so the surpluses of the surplus state can continue to be created, produced. fixed exchange rates. that gold standard creates a a degree of growth, together with the emergence of state corporations like edison that allows the bankers to run riot, to bring value to the peasant and to recycle. and that is what led to the collapse of 1939, which was that generation's version of 2008. when that collapse happened, what you had was unsustainable debts coming irresponsible banking -- u
yet, i do not believe there were any political movements like there are in europe and portugal and spain and everywhere else that happens to be in deficit. the reason is, the federal- state, especially after 1929 plays the role of the regulator of surplus and deficit recycling around the land. we are in seattle. when boeing goes to washington to give a contract for the next generation jet or whatever, they may get it. they do get it. but there are some things attached. like for instance, we...
77
77
Dec 11, 2012
12/12
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CSPAN2
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talk about exporting jobs is actually exporting jobs, and in my state, at least from two countries, spain and germany, we have been able to export -- or import jobs -- or i should say import the ability to create jobs through foreign investment in my state for the component manufacturing. so it's been a success so many ways. and maybe one other thing that ought to be emphasized at this time where some of our members and maybe more members in the other body seem to be more cynical about any sort of investment in green energy because of solyndra and other places where taxpayer money has gone in the way of grants and then there has been immediate bankruptcy so the wasting of the taxpayers' money. there is no -- absolutely no benefit from the wind energy tax credit unless you actually produce electricity from it. so it's not going to be one of these situations where taxpayer money through a tax incentive is going to go to some company and not reap the benefits of it, the end result in this case being the production of wind energy. the production tax credit for wind is working and should be a
talk about exporting jobs is actually exporting jobs, and in my state, at least from two countries, spain and germany, we have been able to export -- or import jobs -- or i should say import the ability to create jobs through foreign investment in my state for the component manufacturing. so it's been a success so many ways. and maybe one other thing that ought to be emphasized at this time where some of our members and maybe more members in the other body seem to be more cynical about any sort...